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83006627
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Last modified
11/20/2008 10:26:53 AM
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11/20/2008 10:26:53 AM
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DEEDS
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83006627
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<br />"",';',,-:,~ <br /> <br /> <br /> <br />83~.un~~~\tt: <br /> <br />Ie::' <br /> <br /> <br /> <br />ADJUST:ABLERi'\rmRIDER <br /> <br />T'HIS\~S'rN:ll;ERAnnmERismadetllis .. Qi-hda'Yof .. .. n.""",mn",r.. .. ... <br />~~~ltitolltld.I\helI'.bb'1Ieemedtoameildllndwppl_the.Mort_.'Deed:.ofTtQ$t,'or.~.toSecure\ <br />~'YOftl!l:S8lM~~1>ytbd~(the..BOrtower"}to-...ilort<>Wer'sAdjustablt>~eNOle.ttl,..H <br />......;a':L1>ANA$SOClATlOK OF GRA.KO ISLAND'; ..NEBRASKA (the"LeDder")oftb..~~(.. <br />andw..m.ctheproperiy~cserlbOd iil'theSecuritylnstmmentand lDcatedat: . <br /> <br />221 Lakeside Drive, Grand Island. Nebraska . 68801 <br />IPropertyAddr....), <br />11Ie..NOle.......... ~ .o!IowIaIfoi ......... lathe Ia~ nile. U,tlleilltenstra.. <br />~ dIe-..-r.1BfJIdIdy p&y.e.;....mlle Idgller. U dIe..- ra1e ~.dIe <br />............1IlOIItIlIy ....,............mlle~. <br /> <br /> <br /> <br />-- <br />AtiDinONAt COVENANTS. in addition to the covenantand~enls madeinth.Secmitylnstrument;,J:lorrowtt:andf.elo#" <br />futtbercovcmmt and_ as follows: <br /> <br />A. ..INTEIIJ!'S'fRATE AND MONTHLY PAYMENT CHANGES <br />The.Nof,i.providesforanlnitial interest rate or 11 .,.. Section 40r the Note provideS forc!Wig.. inlheinterestrate:alldthiF. <br />ItlQD1bly payments. as follows: <br /> <br />4. INTEREST RATEANDMONTHLY PA YMENTCHANGES <br />(A) .CIaIIae DaIeI <br />Theintcn$ttate I wiD pay may change 011 the 1st day of F ebruarv 19' .:....illL,and: <br />OIUbllt day of the month every 17 months th~eafter. Each date on which my interest rate could cbange is called a "C/wIgeDate'" <br /> <br />(II) 11Iebidu <br />IlC&i!ming witluhe first c.1lange DlUe. my ioterest rate will be based 00 an .. Index." The Index Is the weekly average yield on. United Stat.. <br />Treasury securitits adjusted to a constant maturity of one years. as made available hy the Federal Reserv. Board. The most <br />rocellt Index flame available.. of 45 days before each Change Oate is called the "Current Index,'. <br />If the Index iono longer available, the Note Holder will choose a new index which it based upon com[)lU1lble information. The NoteHoIder <br />will Jive me IlOIke of its ehoi<;e. <br /> <br />((;) ClIktoIIdIoaef c..a. <br />Before each ~ Date. the Note Holder will calculate my oewinterest rat. by adding TI,'n "nrl nnF>-h" 1 f _ .,..:points <br />1__ 2 ~ "')to the Current Index. and rounding to the near... lIS.,.. The sum will be my new interest rate. The minimum ir.teTeSt rate <br />00 tllislolm will be DO Iastban 9.5 .,.. The muimuminterest rate on this loan will he no more than 14.5 'Vt. <br />lbe Note Holder will tllen dett:nnine the amount of the monthly payment that would he sufficient to repay in full the principal ) am <br />expected to owe on the Changoe Date in substantially equal payments by the maturity date at my new Interest rate. The result of this caleulation <br />wiIIlle die new_t of my monthly payment. <br /> <br />(D) EfhIahe....ot ~ <br />My _ inu:Rst rate will beonme effective on each Change Dat.. J will pay tbe amount of my new monthly paymen~ beginning on the first <br />~~ dateaftt:r the~ Oat. until the amount or my monthly payment changes "iain. <br /> <br />00 NlI4Ice.ef~ <br />Tbe Nota I-Ioldo....rill mail or deli_tO me a notice before each Change Date. The notko will advise me of: <br />(i) the _ inu:Rst rate on my 101m as of the Change Date; <br />(ii) the __ of Il1Y monthly payment followina the Change Date; <br />(Iii) any lIdcIitloIW mau.en. whi<h the Note HOlda ill nquired to disclose; ana <br />(Iv) the lltle lIIld tdepbtme ownber ora porson who will_ any question I may have r_ding the notice. <br /> <br /> <br />Ik . UI'tlGa; LIENS <br />l,Ialtona~4 of the Soaarity Inmument is ameodod to read as follows: <br /> <br />"'iC~ ......Bom:..v~ pay.u-. ,,_, and other charges. finos and impositions attributable to the Property which may <br />....,.."owortllisSooority.IDslrumeot, and IeaseboId _ of ground rents, if any. in the manner provided under _apaph 2 hereof <br />~ff'-'.... insud>_, by Borrower II'Ulkin& payltlOllt. when d.... direaJy to ,he payee thereof. Borrower shall promptly furnish to <br />LolIr/Jer aIlaodcle:s of _ due unde:r this paraarapil, and in the event Ilormwer shall make paymeot directly. Ilormwer shall promptly <br />f\JrlUII to Loader rooeipu evidmoing. sod> ~. Borrower shall promptly disc:ltarJe any tien whiclJ has priority over this Security <br />~~. Ilort'ow. shaII_ be<<:qllired to diaduIrat any such lieo $0 long as Borrower: la) shaII_ in writina to the paymeot of <br />theo!lliallioD~ by.... lien In. '*- ~ to Lender. (b)sbaJl In goocl faith contest sod> lien by. or defend against enfort:eDlellt <br />of__ticlt.... __ ~1!hich in the opiplon of Let>der opcral&' to pr<Yl:SIl the enfon:emcnt of the lien or forfeiture of the 'Property or <br />"""--"or{<)shaII_ fromtbe hoIdorof such lien an~ in Jl form ~tisfactory to Lender subordlDJltina such lien 10 this <br />~~. <br />lfc~~_allorany pllIt of the Ptoperty is subject toa lien which may attain a priority over this Security Instrument. Lender <br />__~.~~IUdIIien.!lorrower shallsatlsfy such lien or take OIl(' or more of the OctiOlU set fonh above within !.eo <br />-.rtheamae\l("'__ <br /> <br />c,.......~ <br />~~,t4<1f...5IcIIdIJI--...~tOreadftl~: <br /> <br />M.~~_..,Il\1lio:lIt~__&RIIleabIela. to bell_ in anothet _, (.)._ noticr tollormwor provided for in lh.b <br />1I.IllII.d.............bIo.......illlf by maII1aIlt byfim.... mail to. Borrower at the Ptoperty A.xu-ot .uw:h otheraddttoa <br />.~,~......,by ....tolMKbr..~bonlIl. Jlnll (blany1lOlk:otto I.AlUlIorshalllle p.... by first class mail to Lender's <br />.~__~OfIO~~__..IMdIIrJnjlJ~by_ to.aor-.as provided llon:UI. Any noticeptovidod for In this <br />~~..llo;.....tOJtaw~__lO~... LamlctwlleRti_intbe_~heffin. <br />
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